Thursday, May 03, 2007

Bullish Sentiment Records Substantial Decline

In the release of the American Association of Individual Investors Sentiment Survey yesterday, bullish sentiment declined to 28.67% versus last week's 39.24%. This low level of bullishness has not been seen since July of 2006--prior to this most recent market advance. This contrarian indicator is a volatile one; however, it may indicate the individual investor is not "all-in" yet.

American Association of Individual Investors Sentiment Survey, May 2, 2007


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